ETF Evaluator:
Canary Marinade Solana ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Digital Assets Over the Last Year
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Risk
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Risk
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ETF Details
Canary Marinade Solana ETF Overview
Canary Marinade Solana ETF (SOLC) is a passively managed Miscellaneous Digital Assets exchange-traded fund (ETF). Canary Capital Group LLC launched the ETF in 2025.
The investment seeks to track the performance of SOL, as measured by the Pricing Benchmark, adjusted for the fund's expenses and other liabilities; to earn additional SOL through the validation of transactions in the Solana Network’s PoS process.
In seeking to achieve the investment objectives, the fund will hold SOL and will value its Shares daily as of 4:00 p.m. Eastern time (“EST”) using the same methodology used to calculate the Pricing Benchmark. All of the Trust’s SOL, including staked SOL, will be held by the Custodian.
About Canary Marinade Solana ETF (SOLC)
There are 3 members of the management team with an average tenure of 0.70 years: Steven McClurg (2025), Drew Hill (2025) and Starr Frohlich (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: CoinDesk Solana CCIXber 60m NY Rate USD index with a weighting of 100%. Canary Marinade Solana ETF has 3 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Canary Marinade Solana ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Canary Marinade Solana ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Canary Marinade Solana ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SOLC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Canary Marinade Solana ETF expense ratio is average compared to funds in the Digital Assets category. Canary Marinade Solana ETF has an expense ratio of 0.50%, which is 48% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Canary Marinade Solana ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, Canary Marinade Solana ETF returned -0.3%, which earned it a grade of D, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Canary Marinade Solana ETF has a trailing yield of 0.00%, which is below the 15.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Canary Marinade Solana ETF Grades
Year to date, the ETF has returned -39.0%, 8.3 percentage points worse than the category, which translates into a grade of D.
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SOLC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SOLC Return (NAV) | -0.3% | -11.0% | na | na | na | na |
| SOLC Return (Price) | -1.8% | -9.5% | na | na | na | na |
| NAV +/- Price Return | 1.553% | -1.508% | na | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| SOLC Grade (NAV) | D | B | na | na | na | na |
| +/- Category (NAV) | -3.2% | 5.7% | na | na | na | na |
| SOLC Tax-Cost Ratio | na | na | na | na | na | na |
SOLC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SOLC Return (NAV) | -39.0% | na | na | na | na | na | na | na | na | na | na |
| SOLC Return (Price) | -38.2% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.021% | na | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| SOLC Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -8.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | CoinDesk Solana CCIXber 60m NY Rate USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): McClurg Steven (2025), Hill Drew (2025), Frohlich Starr (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 3 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 99.8% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Grantor Trust |
| Fund Family: | Canary Capital Group LLC |
| Phone Number: | 615-200-0788 |
| Website: | |
| Inception Date: | November 17, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.97% |
